Do you offer nonprofit transportation benefits? Last month, the U.S. House Ways and Means Committee approved legislation, H.R. 3300, that would repeal the 21 percent tax on nonprofit transportation benefits, such as …
May 6, 2019 By David L. Thompson, National Council of Nonprofits The phrase “nonprofit tax day” may sound like an oxymoron or punchline of a joke, but it’s real. Tax-exempt …
There is still much to be learned about the impact of recent national and state tax reform. As Rick Cohen of the National Council of Nonprofits explains, “Depending on what you read, overall …
Rick Cohen , National Council of Nonprofits The last few weeks have been filled with headlines about the state of individual giving to nonprofits in 2018. Depending on what you …
Read More2018 Individual Giving Data: What’s the Bottom Line?
National tax-reform has changed the landscape for nonprofits, including the new 21% tax burden on transportation benefits and employee parking. Unrelated Business Income Taxes (UBIT) | Nonprofit Transportation Benefits In …
Read MoreAdvocacy Action Alert: New Tax Will Divert Funds from Mission-Related Work
With just two weeks left in the biennium, the legislative committees are moving their bills to the floor of the House and Senate. Restructuring of income tax and education financing …